I am buying a business ownership and payments made me an appreciation for large, as in any mortgage. I also pay taxes and insurance payment, because the property remians on their behalf. I have a contract for all my rights and guarantees provided by the owner with the exception of the sale in a position of real estate. Funding is not to show my credit card.
Dec 292011
My husband makes money good enough and we are trying to restore our credit by making payments on a car. Most things on our credit reports are credit cards for old, had minor limitations and medical bills. We live in a mobile home right now that is a purchase for the program, but the lender closed and sold to another company and they say they know nothing about it. The real credit is the sister of my husband’s name, but we all payments and even taxes every year after. We also provide insurance for them. I do not know if a lender would look at home this information when we try to appy for a mortgage? We also considered possibly owner financing homes, but we want to live in a rural area and have some size and I do not know if many people their homes like this in these areas are for sale? I hope someone can help me.
I own a commercial property. I have 500k on the bench and was assessed for $ 1.15 2 years ago. I suppose, a notice would be about 900k today. We are working to finance a deal for the seller, a developer for $ 1.15, which are ground to 325K and use the remaining funds to an additional storage on the property to increase value and then refinance in a year or so and pay the rest of us. Now, that means we would be in a position of secondary importance. We arrived with a few different safety precautions to minimize risk. Do you think that mortgage insurance would ensure that, because it is technically a loan?
I thought closings were done at banks. Is it an extra service provided by a title company for an extra fee, unrelated to the title insurance?
Is it a good way to do the closing of an owner-financed property when it involves paying off the owner’s mortgage with the funds provided by the owner for the financing?
Or should the owner use the down payment and owner financing to pay off the mortgage before closing? And then go to the title company for closing?
we financed a house through a finance company.Everytime we pay the note more money goes to the interest than it does the balence.Is this legal? Also we bought the house”as Is” and we discovered termite damage in the walls of the house,and was not told about it.what legal steps can we take?
Dec 222011
My mortgage broker was going over my finances, and noticed that I pay nearly 900 per year in car insurance. She referred me to an agent who was able to get me the same policy (actually, slightly better) for $ 375!
The problem is, the insurance agent is a long-time family friend. Part of me feels irritated that I’ve been paying so much, and part of me feels nervous to have the conversation where I have to change policies. However, the rate difference is so high that I really can’t afford not to switch.
Any suggestions on how I should handle this?
I know banks won’t hire you if you have bad credit, but what other employers won’t hire? And if they are companies dealing with finances, will they hire you in other positions in the company that is not directly dealing with money? Such as mortgage companies, insurance companies, etc? All examples welcomed.
I think some may have misunderstood my question. What I am meaning to ask is, “what career fields require you to have good credit?” Banking is a field that requires it, what other fields require it also?
Dec 162011
I have a quick question for me.
I am looking to buy a house. Getting financing is not a problem, getting mortgage insurance is.
The finance company tells me that my wife’s score is about 25 points too low (to get the loan we want) due to having used to much of her credit in ratio to her limits. We need to get her from 655 to 680. She was off work about 3 1/2 years ago due to illness and basically lived off her cards for 2 months. Prior to our getting married about a year ago she was only able to make small payments. She was never late, she just could not get ahead enough to make much head way on paying the cards off.
Since we have been married, we have taken the cards one at a time and have paid 3 totally off and cut three more balances by more that half, but we still have three with 75% of the high limit used. This is hurting her score.
Here is my question-I could pay down the score, but I need to use the cash on repairs necessary to get FHA financing and for the down payment.
Could I reduce balance to limit ration and improve the score if I get her credit limit raised? If I do this would the credit companies pull her credit report again and would that hurt her score more than raising her limit would help? I would ask four different cards for higher limits.
Thanks for your time, Wes
Dec 162011
I was hoping for a answer to a quick question.
I am looking to buy a house. Getting financing is not a problem, getting the mortgage insurance is.
The finance company tells me that my wife’s score is about 25 points too low (to get the loan we want) due to having used to much of her credit in ratio to her limits. We need to get her from 655 to 680. She was off work about 3 1/2 years ago due to illness and basically lived off her cards for 2 months. Prior to our getting married about a year ago she was only able to make small payments. She was never late, she just could not get ahead enough to make much head way on paying the cards off.
Since we have been married, we have taken the cards one at a time and have paid 3 totally off and cut three more balances by more that half, but we still have three with 75% of the high limit used. This is hurting her score.
Here is my question-I could pay down the score, but I need to use the cash on repairs necessary to get FHA financing and for the down payment.
Could I reduce balance to limit ration and improve the score, if I get her credit limit raised? If I do this would the credit companies pull her credit report again and would that hurt her score more than raising her limit would help? I would need to ask four different cards for higher limits.
Thanks for your help.
Dec 142011
I already have a mortgage on my home. I recently went through some bad money problems with a repo and my mortgage payment went 2 payments past due. I do NOT have the extra money to catch up these 2 payments and I keep getting further behind due to rise in insurance and late fees. I REALLY need to refinance but can’t find a company willing to take the risk. HELP!!!!!!!!!!!!!!!!!